{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-24-000030","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2024-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.989206+00:00","generated_at":"2026-06-06T04:35:12.803727+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cadence Q4 rev $1.07B, FY rev $4.09B (+15%); GAAP EPS $3.82, non-GAAP $5.15","bullets":["Q4 revenue $1.069B (+18.8% YoY); GAAP EPS $1.19, non-GAAP $1.38.","FY2023 revenue $4.090B (+15% YoY); GAAP EPS $3.82 (+24%), non-GAAP $5.15 (+21%).","Record backlog $6.0B, cRPO $3.2B; non-GAAP operating margin 42%.","FY2024 guidance: revenue $4.55-4.61B, non-GAAP EPS $5.87-5.97.","System Design & Analysis grew 22% YoY; GenAI customer adoption nearly 10x."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-24-000030","json":"https://secwatch.observer/filing/0000813672-24-000030.json","markdown":"https://secwatch.observer/filing/0000813672-24-000030.md","text":"https://secwatch.observer/filing/0000813672-24-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000030/0000813672-24-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000030/cdns-20240212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:35:12.803727+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b4d7c00d6795d4b410c5181b09174ca1d0d642af","claim":"CADENCE DESIGN SYSTEMS INC reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue $1.069 billion, EPS $1.19. Guidance initiated.","evidence_excerpt":"12, 2024 — Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023. Fourth Quarter 2023 Financial Highlights • Revenue of $1.069 billion, compared to revenue of $900 million in Q4 2022 • GAAP operating margin of 31%, compared to 23% in Q4 2022 • Non-GAAP operating margin of 43%, compared to 36% in Q4 2022 • GAAP","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000030/0000813672-24-000030-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$1.069 billion"},{"label":"EPS","value":"$1.19"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}